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Question - John and Marge were married 26 years ago. They have one child, Monica. Sometime in January 2010 after a particular fierce argument, John left the household and has not kept in touch, and his current whereabouts are unknown.

Marge is employed and maintains a household for herself and her daughter. Monica is 22 years and a full-time student. Monica is expected to graduate form Law school in May 2012. Over the past two years, Monica has earned $9,000 a year from her part-time job. Part of the money earned was deposited in a savings account and part of it was used for her support. The rest of the support needed was provided by her mother. You are the tax advisor for Marge in March of 2012. Marge needs your help in answering the following questions:

1) What is her filing status?

2) Can she claim as a dependent? Explain your answer.

Accounting Basics, Accounting

  • Category:- Accounting Basics
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